Property tax in NJ versus NY

Asked by Ortizemilia75, Thu Sep 20, 2012

Hi, I am a first time home buyer. I consider to buy property in NJ. Which one could be better lower price property with high NJ tax or higher price property in NY with lowr tax. Is that true is NJ's property tax is high?

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Joseph Runfo…, Agent, Staten Island, NY
Fri Sep 21, 2012
New Jersey homeowners paid more tax on the homes they live in than homeowners in any other state except one. Counting all residential and commercial property taxes, New Jersey ranked first. In a ranking of the 775 largest counties in the nation according to median real estate tax payment, six of the top 10 are in New Jersey. New Jersey has a particularly high property tax rate of 1.74 percent of a home's assessed value; the median property tax in New Jersey eclipses $6,000 per year.
1 vote
Gale Strassb…, Agent, Staten Island, NY
Thu Sep 20, 2012
Hi Milia, Nice to hear from you , yes it is true that property tax in NJ is much higher than in NY. The taxes are still relatively low on Staten Island. I just listed a nice Colonial located at 74 Bodine Street in the West Brighton section of Staten Island. It is priced at $269,000 and the taxes are $1,775 per year . Please go to to view the listing MLS #1077822. I would be happy to set up an appointment for you to view the property. Sincerely, Gale Strassberg LIC RE Associate Broker Neuhaus Realty 718-979-3400 or 917-797-5527
1 vote
How are you doing Gale? Unfortunately, the house at Bodine doesnt have garage. D is considering NJ. Thanks for your reply. Nice to hear you again.
Flag Thu Sep 20, 2012
Jill Subes, Agent, New York, NY
Wed Jul 17, 2013
If you work in lower Manhattan there are areas close to the ferry that you would not have to pay any commuting fees since the ferry is free. If you are uptown , the most you would have to pay is a subway fare which is A LOT CHEAPER THEN a NJ monthly commuter pass
0 votes
Thomas Crimm…, Agent, Staten Island, NY
Thu Sep 20, 2012
You might get more house for the money in New Jersey but taxes are known to be much higher in New Jersey compared to New York. New york is a great place. The close proximity to the greatest city in the world is priceless !
0 votes
Alex Levin, Agent, Staten Island, NY
Thu Sep 20, 2012
That is true.
NJ taxes are much higher than NY. Also depend on the town it may be very different. On the same token, houses are usually lower in the price(again, depend what town). You should consider school, transportation, crime rate, proximity to every day needs: grocery stores, shopping, schools and transportation. That's were NY is stand out. I specialize in Staten Island ,NY . We located right between NYC and NJ and we are probably the choice for you to consider.
0 votes
Debra (Debbi…, Agent, Livingston, NJ
Thu Sep 20, 2012
The property taxes will vary greatly depending on the will the prices.........

So...........You would really have to list some specific towns, and a price range, and then you could compare and contrast what the taxes are, both, in NJ & NY.

For example, a townhome in harding, NJ or E. Hanover, NJ can have taxes in the $4000 (or less) range, and sell in the 400,000+ range.

A similarly sized/priced unit in another town (for example - W Orange) can have taxes of $12,000 or more.

Your best bet is to reach out to local agents - give your price range, housing requirements, and, ask what the taxes will will then see what you will be able to buy in that range.

Good luck!
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